Corrected Balance Sheet

I need some help with approaching this question. Any help will be greatly appreciated.

Pete is the president of Island Enterprises. Island Enterprises began business on January 1, 2008. The company's controller is out of the country on business. Pete needs a copy of the company's balance sheet for a meeting tomorrow and asks his assistant to obtain that required information from the company's records. She presents Pete with the following balance sheet. He asks you to review it for accuracy.

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See attached file.
1. A friend of yours has prepared the following balancesheet for his bicycle shop but it has a problem. He thought his total assets did not reflect the assets available to the firm. He has asked you to take a look at this balancesheet and help him out.
Eric's Bike Shop, Inc.
BalanceSheet
As of Decem

Uhura Company has decided to expand its operations.
The bookkeeper recently completed the balancesheet presented below in order to obtain additional funds for expansion.
UHURA COMPANY
BALANCESHEET
FOR THE YEAR ENDED 2007
Current assets
Cash $230,000
Accounts receivable (net) 340,000
Inventories at lower of average

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Problem 1-7A Corrected Financial Statements
Heidi's Bakery Inc. operates a small pastry business. The company has always maintained a complete and accurate set of records. Unfortunately, the company's accountant left in a dispute with the president and took the 2008 financial statements with her. The fol

I have been asked to correct the balancesheet; however, I do not understand what I am to do. Please assist.
Correct the following balancesheet.
BalanceSheet
December 31, 2006
Assets Liabilities and Owners' Equity
Cash .............$ 55,000 Buildings . . . . . . .. .$325,000

The following year-end adjusted trial balance is for Tom Jones Co. at the end of December 31. The credit balance in Tom Jones, Capital at the beginning of the year, January 1, was $320,000. The owner, Tom Jones, invested an additional $300,000 during the current year. The land held for future expansion was also purchased during

You have $5,000 to invest. A friend ask you to invest in her company. Here are the dot.com, inc. financial statements, which are summarized at the end of the first years as follows:
Dot.com income statement: dec. 31,2004
Revenues: $80,000
Expenses: 60,000
Net income: 20,000
Dot.com balancesheet: dec. 31,2004